India, Indonesia, and China are already using WeChat, GoPay, PayTM. I'm not sure what Bitcoins or Libra can offer that e-wallets don't already provide. And these e-wallets, unlike crypto, work well with existing gov't regulations.

Some of them, like GoPay works with the Indonesian gov't to provide loans for micro-small businesses. Since they have the data of business transactions they can forecast loan repayments.

> By the way, what are they all planning to do if the scaling efforts of real cryptocurrencies succeed and the dream of digital cash becomes a reality?

My fear is WeChat and GoPay will get there first well before cryptos.